21Shares AG, the world’s leading issuer of cryptocurrency exchange-traded products (ETPs), and a subsidiary of 21.co, has unveiled the 21Shares Celestia Staking ETP (Ticker: ATIA). This newly introduced ETP allows investors to access Celestia’s staking yields while benefiting from professional risk management, eliminating the need to directly lock assets.
Celestia: A Groundbreaking Blockchain Scaling Solution
Established in October 2023, Celestia represents a groundbreaking Layer 1 modular data availability network aimed at revolutionizing blockchain scaling and deployment. Its innovative design, incorporating a unique consensus mechanism and data availability sampling (DAS) technology, enhances blockchain infrastructure security while reducing maintenance costs by close to 99%. The 21Shares Celestia Staking ETP serves as a regulated and 100% physically backed avenue for investors to participate in Celestia’s growth without the necessity of direct token ownership.
Mandy Chiu’s Perspective: Unlocking Blockchain Potential
Mandy Chiu, Head of Financial Product Development at 21Shares, expressed enthusiasm about offering investors the opportunity to engage with Celestia’s growth through the Celestia ETP. As the largest issuer of cryptocurrency ETPs globally, 21Shares remains dedicated to delivering innovative investment products that unlock the potential of emerging blockchain technologies.
Key Features of Celestia and Celestia ETP: Revolutionizing Blockchain Investment
New Structure for Blockchain: Celestia’s distinctive design, initiated in October 2023, provides cost-effective access to blockchain data, making it more economical to operate and construct blockchains. Its interoperable nature facilitates seamless use across various networks, presenting a breakthrough approach to scaling new blockchains.
Staking with Ease: The ATIA ETP allows investors to access staking yields with the added benefit of professional risk management, eliminating the necessity to lock assets directly.
100% Physically Backed: The 21Shares Celestia ETP is entirely physically backed by the underlying TIA tokens, securely held in cold storage by an institutional-grade custodian. This structure offers enhanced protection compared to custody options available to individual investors.
Trading Availability and Convenience: Euronext Paris & Amsterdam Exchange
The 21Shares Celestia ETP is now available for trading on the Euronext Paris & Amsterdam exchange. This trading platform provides investors with a convenient and secure avenue to tap into the transformative potential of Celestia and the broader blockchain ecosystem.
Conclusion: A Transformative Investment Opportunity
With the launch of the Celestia Staking ETP, 21Shares continues to lead the way in introducing innovative cryptocurrency investment avenues. This move not only aligns with the vision of blockchain’s future growth but also reinforces 21Shares’ commitment to providing investors with regulated and secure exposure to emerging blockchain technologies.